Author: Ableditor

Kenya’s annual inflation rate climbed to 6.8 per cent in September 2026, up from 6.6 per cent in August, as rising food prices continued to put pressure on household budgets. The latest figure, released by the Kenya National Bureau of Statistics (KNBS), represents the third consecutive monthly increase in inflation, following readings of 6.4 per cent in June and 6.5 per cent in July. It is also the highest inflation rate recorded since January 2024. Food prices remain a major driver Food and non-alcoholic beverages recorded annual inflation of 9.5 per cent in September, compared with 9.0 per cent in…

NAIROBI, Kenya — Low-cost airline Jambojet has suspended its direct flights between Mombasa and Zanzibar, citing rising fuel expenses and higher travel-related costs that have made the route commercially unsustainable. The airline stopped operating the route in September, just over two years after launching the service. The decision comes amid a sharp increase in aviation fuel costs and additional expenses faced by travellers heading to Zanzibar. Jambojet said the combination of weaker passenger demand and higher operating costs had made it difficult to maintain the service profitably. Rising costs squeeze demand The Mombasa-Zanzibar route was designed to provide a direct…

NAIROBI, Kenya — Oscar-winning Kenyan actress Lupita Nyong’o has become an investor in Nairobi City Thunder, adding one of the country’s most internationally recognised personalities to the ownership group of a basketball club that has rapidly grown into a major force in Kenyan sport. Nyong’o announced her investment on September 24, sharing a video of herself wearing Nairobi City Thunder colours and celebrating her new role with the team. The actress said she was proud to back the club, particularly because Thunder became the first Kenyan team to qualify for the Basketball Africa League (BAL). Her investment comes at an…

NAIROBI, Kenya — Kenya and the United States are in advanced discussions over a potential partnership that could see critical minerals processed locally in Kenya, with some of the refined products supplied to the US market. The proposed arrangement would deepen cooperation between the two countries in the mining sector while supporting Kenya’s ambition to move away from exporting minerals in raw form. Mining, Blue Economy and Maritime Affairs Cabinet Secretary Hassan Joho has indicated that discussions involving the two governments are at an advanced stage. Several US government departments are involved in the negotiations, including those responsible for commerce,…

Manchester City have been found guilty of breaching 114 of the 115 Premier League financial rules brought against the club, according to reports on Friday, in a case that has remained unresolved for several years. The verdict relates to allegations covering the club’s financial affairs over a number of seasons. Manchester City were formally charged by the Premier League in February 2023 and referred to an independent commission. The commission’s proceedings are separate from the Premier League’s own decision-making structure. Under the league’s rules, independent commissions determine whether breaches have occurred and, where appropriate, what sanctions should follow. City expected…

MOGADISHU, Somalia — Somalia has confirmed the presence of uranium, lithium and cobalt deposits, opening a new chapter in the country’s efforts to develop its largely untapped mineral resources and attract international investment. President Hassan Sheikh Mohamud made the announcement on September 20 while opening the Somalia Development Finance Forum in Mogadishu, where the government was discussing economic growth, investment and ways to expand domestic revenue. The President said Somalia has a range of natural resources and that the country needs investment, technical expertise and international cooperation to turn its mineral wealth into economic opportunities. “Today, the world is keenly…

For a generation of Kenyan consumers, the supermarket has been more than a place to buy milk, bread and washing powder. It has been a marker of how the economy is changing. There was a time when walking into a Nakumatt or Uchumi was almost synonymous with modern shopping. Tuskys later joined that club. Their branches were landmarks in Nairobi and major towns, and their growth seemed to suggest that Kenya was building a durable home-grown retail industry. Then the shelves began to empty. Suppliers stopped delivering. Landlords demanded payment. Employees went unpaid. Branches disappeared. Businesses that had once appeared…

Quickmart has announced plans to list on the Nairobi Securities Exchange (NSE), opening up ownership of one of Kenya’s fastest-growing supermarket chains to the public for the first time. The retailer plans to sell 2 billion existing ordinary shares, equivalent to 50 per cent of its issued share capital, through an offer for sale by its sole shareholder, Sokoni Retail Kenya Limited (SRKL). The proposed listing is subject to regulatory approval. Unlike a conventional share issue where a company creates new shares to raise money, Quickmart will not issue additional shares under the proposed transaction. The supermarket will also not…

Kenya has signed a cooperation agreement with US artificial intelligence company Anthropic to expand collaboration on artificial intelligence, with the partnership focusing on skills development, research, AI safety and practical applications in sectors including education and healthcare. The Joint Declaration was signed in New York on September 22, 2026, on the sidelines of the 81st Session of the United Nations General Assembly. Kenya’s Foreign Affairs Principal Secretary, Dr Abraham Korir Sing’Oei, signed on behalf of the government, while Elizabeth Kelly, Anthropic’s Head of Beneficial Deployments, signed for the company. The agreement establishes an umbrella framework under which Kenyan government institutions…

Google is preparing to take a major step towards putting artificial intelligence computing infrastructure in orbit, with an experimental satellite designed to test whether the company’s AI processors can operate in the harsh conditions of space. The project, known as Project Suncatcher, is Google’s long-term research effort to explore whether networks of solar-powered satellites could eventually provide large-scale computing capacity for artificial intelligence. Google said its first test mission is scheduled to launch aboard SpaceX’s Transporter-18 rideshare mission, in partnership with satellite company Planet. The prototype will carry Google’s Tensor Processing Units (TPUs) into low Earth orbit to gather real-world…